Note: This is a seattlepi.com reader blog. It is not written or edited by the P-I. The authors are solely responsible for content. E-mail us at newmedia@seattlepi.com if you consider a post inappropriate.

News on West Seattle Whole Foods

A development group headed by a West Seattle resident is under contract to buy the stalled Fauntleroy Place project, which will include a Whole Foods market, according to new reports.

Construction stopped last year, after excavation of the site, at 3922 S.W. Alaska St. The building would put 184 residential units above 65,160 square feet of retails space, including Whole Foods and Hancock Fabrics, and parking for 484 vehicles.

Alamo Manhattan LLC is under contract to buy the site from Fauntleroy Place LLC and finish the project, the Seattle Daily Journal of Commerce reported. The story said a sale to UDR of Texas fell through last August.

Alamo Manhattan is headed by West Seattle resident Matt Segrest, who told the journal that he has developed more than half a billion dollars worth of residential and mixed-use projects over the past five years in West Coast cities such as Seattle, San Diego and Portland.

“Negotiations are currently under way with multiple investors on the project,” Segrest told the journal. “We expect to select an equity partner soon and be positioned to restart construction in the third quarter of this year.”

The story said the Whole Foods would be on track to open by October of 2010. Segrest said two pending lawsuits associated with the project would not affect it once he took over.

Note: This is a seattlepi.com reader blog. It is not written or edited by the P-I. The authors are solely responsible for content. E-mail us at newmedia@seattlepi.com if you consider a post inappropriate.